Sectors

Funds

Jersey has developed a well-respected and forward-thinking funds sector that offers regimes from retail options through to the more sophisticated and institutional end of the market.

Jersey Finance

Overview Latest
£302 billion

net asset value of regulated funds under administration

41%

the amount private equity funds rose in a year

205 Jersey Private Funds

formed since their launch in 2017

In brief In more recent years, Jersey has evolved into a specialist centre for the alternative asset classes, including hedge, real estate and private equity funds, which account for around 81%* of its overall funds business.

The industry has a net asset value of £302 billion and a total of 1,014 regulated collective investment funds* established Currently, figures for the increasingly popular Jersey Private Fund are not included, meaning the actual net asset value figure is much higher.

Key Facts

Jersey has attracted a significant number of venture capital, private equity, mezzanine, real estate, infrastructure and hedge funds. For example, the net asset value of single class private equity funds under administration in Jersey stands at £89.5 billion*.

Providing significant flexibility for investor needs, Jersey continues to improve laws and regulations in order to provide better choices for investors. Some key facts include:

  • The total funds business in Jersey grew by £6 billion in the third quarter of 2018
  • It now stands at more than £300 billion, with strong performances in private equity (£89.5 billion) and hedge (£57 billion)
  • The number of Jersey-based funds promoters has almost doubled in the last five years (source: Monterey Insight Jersey Funds Reports)
  • Significant money is being raised from a wide range of EU countries. Jersey has seen an annual increase of 8% in fund managers using Jersey to market funds into Europe (source: JSFC)
AIFMD

Jersey has a legal, tax and regulatory framework, which supports the continued functioning of the Jersey fund management and services industry under the Alternative Investment Fund Managers Directive. Jersey was the first ‘third country’ to offer a fully functional opt-in regime under AIFMD, meaning a Jersey manager can establish different Jersey funds to access:

  • The EU through National Private Placement Regimes (NPPRs); and
  • The ‘rest of the world’ through business as usual

You can find out more on where investors in Jersey funds are currently based in the KPMG report, ‘Analysis of the Jersey Alternative Funds Sector Investor Base’.

NPPRs

Jersey offers easy and cost-effective marketing within the EU through National Private Placement Regimes (NPPRs). Also, because Jersey is not a Member State, it can provide effective out-of-the-AIFMD scope solutions for marketing to the rest of the world.

NPPRs offer:

  • Simplified regulatory obligations
  • Familiarity outside the AIFMD for non-EU investors.

To see how well NPPRs are being used in Jersey, see our video below or view our interactive map showing which EU countries we work with.

Find out more about the Jersey regime by reading our factsheet.

*Statistic correct as at September 2018

Video: National Private Placement Regimes (NPPRs) | Est time to watch: 1m | Sound: Yes | Mute all videos
Work
First For Funds
Jersey has a fully flexible funds regime that offers easy and cost-effective marketing within the EU through NPPRs, as well as seamless, outside of AIFMD solutions for marketing into non-EU countries.

Find out more about the Jersey regime by reading our factsheet.
Read more ›
Markets served by this sector
Jersey Finance: Jersey – First for Funds: Masterclass

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Location: The Connaught Hotel, Carlos Place, London, W1K 2AL, UK

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Jersey Industry News

A Jersey Industry Event 5 February 2019
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Jersey Industry News

A Jersey Industry Event 18 January 2019
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Location: The Connaught Hotel, Carlos Place, London, W1K 2AL, UK

12/02/2019
Vistra Announces New Leadership Appointments in UK, Ireland and Channel Islands

Jersey Industry News

A Jersey Industry Event 14 January 2019
First For Funds

Factsheets

10 December 2018
First for Funds – November 2018

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29 November 2018
Funds Comparison Factsheet

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8 October 2018
UK Real Estate Investment Trust (UK REIT)

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17 September 2018